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Direct Investment in Mainland China Realty Surged 82% in Q3

Posted on: Tue, 10 Nov 2009 06:24:00 EST

Symbols: CBG

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In particular, the sales amount rebounded strongly in Mainland China and amounted to USD 1.6 billion, soaring 82% from a quarter earlier. Domestic purchasers played a major role by contributing 80% of the overall trading volume, and they included insurance companies, banks, and state-owned firms.

According to the report, the office building sector absorbed an investment of USD 4.7 billion, making up 52% of the total capital flow. Among the gross investment, 16% went to residential property projects, and 13% to commercial ones.

In the hotel sector, six deals were made in the quarter with a total amount of USD 300 million, compared with five deals done in the first six months of this year. Moreover, 24 deals were completed in the industrial property field, on part with those in the first half.

Source: www.163.com (November 10, 2009)

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